LONDON, March 19 – Anthony Hobley, chief executive officer for the last five years, is to step down and will join the Advisory Board as co-chair in April, a position he will share with founder and executive director, Mark Campanale.

Commenting on the change, Campanale said:
“Carbon Tracker has gone from strength to strength over the last seven years becoming a recognised global brand with a team of 25 full-time analysts and support staff and additional consultants in London and New York, covering climate risk and the clean energy transition.  Today, our research is widely used by investors, financial regulators, governments and NGOs in the environment space.

“The concepts of ‘Stranded Assets’ and ‘Unburnable Carbon’ are well accepted across the investment community and financial media, even more so now that the fossil fuel energy sector is entering its twilight years.  During these key formative years, I’m pleased to have had the support of my colleague Anthony Hobley in helping us to shape and execute Carbon Tracker’s vision and mission.

“I am delighted that Anthony will continue to be advising us and has agreed to co-chair, with me, our Advisory Board.  Comprising eminent specialists in the fields of climate and sustainable finance, our Advisory Board, meets to offer strategic advice in supporting us to achieve our mission. Hermes’ Saker Nusseibeh continues as non-executive chairman of Carbon Tracker’s main board.

“The day-to-day executive and strategic decisions continue to be undertaken by, Founder Mark Campanale, Director General Jon Grayson, Mark Fulton as Chair of the Research Council, that was previously announced, U.S. Executive Director, Robert Schuwerk and Head of Finance Mirjana Skrba.

“Carbon Tracker is currently in the process of hiring new analysts to bolster our research arm and consolidate our expansion. We thank you for your continued support and interest in this ground-breaking and exciting journey.”